MakeMyTrip Ltd. (MMYT) Stock Price Down 1.6%
MakeMyTrip Ltd. (NASDAQ:MMYT)’s share price was down 1.6% during trading on Wednesday . The company traded as low as $14.75 and last traded at $14.88, with a volume of 275,397 shares trading hands. The stock had previously closed at $15.12.
Several equities research analysts recently weighed in on MMYT shares. Zacks Investment Research cut MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Nomura Holdings Inc. raised MakeMyTrip from a “reduce” rating to a “neutral” rating and reduced their price target for the stock from $14.50 to $14.00 in a research note on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.78.
The company has a 50 day moving average price of $15.06 and a 200-day moving average price of $17.30. The company’s market cap is $627.26 million.
MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, May 18th. The company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $0.32. During the same period in the previous year, the business posted ($0.04) earnings per share. The business earned $88 million during the quarter, compared to analyst estimates of $36.91 million. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. Equities analysts anticipate that MakeMyTrip Ltd. will post ($2.35) EPS for the current year.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT India). Through its primary Website, www.makemytrip.com, or MakeMyTrip.com, its subsidiaries’ websites, such as www.hoteltravel.com, www.makemytrip.ae, www.makemytrip.com.sg, and other technology-enhanced distribution channels in India, including its call centers, travel stores and travel agents’ network, travelers can research, plan and book a wide range of travel services and products in India, as well as overseas.
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